There was a time when Social Security benefits were an important, reliable part of retirees' financial plans. But that's the past. The government program is now constantly on the defensive, fighting just to keep up with growing lifespans and its own rising costs.

New survery has revealed wide knowledge gaps among Americans regarding Social Security. Don't squander the opportunity to get the most out of your Social Security.

“Retired U.S. presidents do receive Social Security benefits just like any other American who’s paid into the system during their working years,” said Cliff Ambrose, founder and wealth manager at Apex Wealth in Danvers, Massachusetts, in an email.

Social Security's biggest reveal of the year is creeping up quickly, but a majority of its 68 million beneficiaries are liable to be left disappointed.

The Public Institution for Social Security has confirmed that retirement procedures remain unchanged, denying any amendments to the

While we're still a few weeks away from the October announcement, it hasn't stopped experts in the field that follow inflation trends to make predictions for what the 2025 COLA in

In 2024, Social Security recipients received a 3.2% adjustment. The average retired worker benefit lands at roughly $1,900 per month, so that amounts to a raise of just over $60 per month. Unfortunately, retirees can expect some not-so-good news about the short- and long-term future of Social Security.

The inflation data for August gives us a pretty good idea about the likely magnitude of Social Security’s cost-of-living adjustment (COLA) for 2025. This automatic indexing of benefits to keep up with rising prices — always a wonderful feature of our Social Security program — has been particularly valuable in light of the recent bout of inflation.